SPDR SERIES TRUST

CUSIP: 78464A417 Class: COM

Arrow Investment Advisors, LLC's Holding History (CIK: 0001378410)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014
Shares 133,370 Value ($000) $5,566 Avg Close — Range —
Q1 2014
Shares 58,800 Value ($000) $2,429 Avg Close — Range —